Table of Contents 1 144

Annual report 2018

Annual report 2018 - Full Version 1
Milestones 2018 2
Content 2
Key figures 2018 4
Foreword 6
What we offer 10
Ambition and Strategy 12
Health & Beauty Segment 14
Retail Business sector 16
Products & Brands Business sector 20
Services Segment 24
Services Business sector 26
Political environment 30
Sustainability coverage 33
Human Resources 36
Employee motivation 39
Illustration: the pharmacy online 46
Corporate Governance 48
Group structure and shareholders 49
Structure of the share capital 49
The Board of Directors 51
Members of the Board of Directors 54
Management 56
Remuneration 56
Shareholders’ rights to participate 56
Members of the Corporate Executive Committee 58
Change of control and protective measures 61
Auditors 61
Compliance and Code of Conduct 61
Information and monitoring tools of the Board of Directors with respect to management 61
Information policy 62
Brand management 63
Main brands of the Galenica Group 64
Remuneration Report 66
Remuneration policy 67
Principles and responsibilities 68
Remuneration components 69
Remuneration of the Board of Directors 2018 73
Remuneration of the Corporate Executive Committee 2018 74
Other remuneration 75
Developments and outlook 75
Previous-year figures 2017 77
Report of the statutory auditor on the remuneration report 78
Consolidated financial statements 2018 of the Galenica Group 80
Key figures 82
Consolidated statement of income 83
Consolidated statement of comprehensive income 84
Consolidated statement of financial position 85
Consolidated statement of cash flows 86
Consolidated statement of changes in equity 87
Notes to the consolidated financial statementsof the Galenica Group 88
Statutory auditor’s report on the audit of the consolidated financial statements 127
Financial statements 2018 of Galenica Ltd. 131
Statement of income of Galenica Ltd. 132
Statement of financial position of Galenica Ltd. 132
Notes to the financial statements of Galenica Ltd. 134
Report of the statutory auditor on the financial statements 138
Addresses of companies of the Galenica Group 140
Impressum 142

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